IT Ain't Rocket Science IVS

IT Ain't Rocket Science IVS (CVR number: 36021225) is a company from ASSENS. The company recorded a gross profit of -0.5 kDKK in 2020. The operating profit was -0.5 kDKK, while net earnings were -0.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.8 %, which can be considered poor and Return on Equity (ROE) was -1.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 100 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. IT Ain't Rocket Science IVS's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.